Substantial and Long Dated Freehold Bank Investment
Entirely let to The Co-operative Bank Plc
Lease expires in August 2062 (Approximately 45 years unexpired - No Breaks)
Approximately 5,287 sq ft
VAT-free bank investment
Located between The Exchange Shopping Centre and Ilford Railway Station
Nearby occupiers include Primark, Boots the Chemist, Marks & Spencer, Debenhams and TK Maxx
Excellent transport links and future Crossrail destination
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 11
Auction 16th February 2017
Rent £148,750 per Annum Exclusive
Status Sold
Price £2,920,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles east of Romford, 10 miles east of Central London
Roads
A118, A406
Rail
Ilford Railway Station
Air
London City Airport
Situation
The property is situated on the northern side of High Road, close to its junction with Chapel Road and Cranbrook Road, less than 150m from Ilford Railway Station. There are a number of bus stops on High Road which contribute to the footfall. The Exchange Shopping Centre is located nearby housing occupiers including Marks & Spencer, River Island, TK Maxx and New Look. Other nearby occupiers include Primark, Boots the Chemist, Superdrug and Iceland.
Tenure
Freehold.
Location
Miles
5 miles east of Romford, 10 miles east of Central London
Roads
A118, A406
Rail
Ilford Railway Station
Air
London City Airport
Situation
The property is situated on the northern side of High Road, close to its junction with Chapel Road and Cranbrook Road, less than 150m from Ilford Railway Station. There are a number of bus stops on High Road which contribute to the footfall. The Exchange Shopping Centre is located nearby housing occupiers including Marks & Spencer, River Island, TK Maxx and New Look. Other nearby occupiers include Primark, Boots the Chemist, Superdrug and Iceland.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary/office accommodation on basement, first, second and third floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with ancillary/office accommodation on basement, first, second and third floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Basement First Second Third
Banking Hall Ancillary Offices Ancillary Ancillary
147.40 sq m 16.20 sq m 108.45 sq m 135.15 sq m 83.98 sq m
